RMS 1.90% $2.14 ramelius resources limited

Ann: Full Year Results update, page-13

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  1. 34,170 Posts.
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    Recent External factors came into play like the rising fuel costs after RMS decided to truck the ore to an existing plant rather than build a plant on site , like EXU were contemplating , or maybe RMS could have concentrated the ore before trucking with an ore sorter , to remove some of that trucking cost.

    There was also a hope that Tampa could have had other deposits a few kms to the West of it but seems unfortunately that did not occur , just the way the cookie crumbles , if it had like what happened at GCY in the last week then investors would be saying what a great buy. Who knows Tampa may still prove to be bigger with a longer mine live like what happened with Viviene
    Maybe just concentrate on ore bodies closer to the mill until fuel costs reduce the ore body will not go anywhere ?

    I am an ex EXU shareholder that got bought out by RMS , i am ambivalent about it now part of the anger by EXU shareholders was the way RMS went about buying out EXU and how the good will that had been built up by EXU with the local community both town and farmers was wiped out by RMS bloody mindedness - trucking ore through the main street next to the football grounds is going to raise a bit of ire when an alternative route could have been at least contemplated !
    There were also issues with local farmers for drilling that could have been resolved - maybe there still is other ore bodies close by , but really need to treat the locals with respect - probably too late now .
 
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